Quotes from Westpac Institutional Bank:
-A strengthening world economy; rising commodity prices; the RBA on hold with the next move up; and Australian interest rates still comfortably above US rates are likely to see AUD strengthen through the second half of 2015 and into 2016.
-As we have seen in previous episodes of Fed hikes the highly preemptive foreign exchange markets are likely to have moved largely before the first ‘well-signalled' move.
-In those circumstances we expect the AUD will finish 2015 at around USD 0.85 and continue to benefit from strong world growth;rising commodity prices; and rising AUD rates from the June quarter.
The material has been provided by InstaForex Company – www.instaforex.com